Historic Office
For Sale
$825,000
Pending
120 Caillouett Place, Lafayette, LA 70501
Commercial Sale, Lafayette, LA
Property Size3,476 SF
Lot Size0.23 Acres
Days on Market225
Property Features for 120 Caillouett Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Downtown
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking
1
Parking features
On Street
Exterior features
Partially Fenced
Fencing
Partial
Subdivision
Caillouet Place
Lot features
Level
Directions
From i-10 take University Avenue south. Left on Johnston Street. Left on Jefferson. Left on Caillouet. First property on the right after the parking lot.
Standard status
Pending
APN
6010243
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Legal Description
LOTS 18 20 22 24 CAILLOUET PLACE SUB (100X100)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Floors in Building
2
Flooring type
Wood
Roof type
Metal
Listing Agency:
Keaty Real Estate Team
(337) 235-7770
Listed By:
Tyler Albrecht · License #0995697749
(337) 780-9698
Added: Mar 5
Changed: Oct 14
Last Checked: Oct 16 at 8:06AM
MLS# 2600001736
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Dating to 1896, this renovated office property contains 3,476 square feet on a 0.23-acre parcel. Its two floors provide five offices and two bathrooms downstairs, plus three offices and one bathroom upstairs. Wood flooring, central heating, central air, and a partially fenced exterior are among the property’s features. The zoning designation is Downtown.
The building is in downtown Lafayette, across from Rock'N'Bowl and a short walk from Spoonbill and Keller's. Public water and sewer serve the property.
The building is in downtown Lafayette, across from Rock'N'Bowl and a short walk from Spoonbill and Keller's. Public water and sewer serve the property.
Key Highlights
- 3,476‑square‑foot office building on 0.23 acres
- Built in 1896 and renovated
- Eight offices across two floors: five downstairs and three upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,450
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,000
$809.0K
Cap Rate 7%
$577,857
$577.9K
Cap Rate 9%
$449,444
$449.4K
Market Conditions
NOI Build-Up for 3,476 SF
Gross rent
$62.6K $18.00/SF
− Vacancy
−$8.6K −$2.48/SF
EGI
$53.9K $15.52/SF
− OpEx
−$13.5K −$3.88/SF
NOI
$40.5K $11.64/SF
Area
Lafayette, LA
Vacancy
13.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,000
Cap Rate 7%
$577,857
Cap Rate 9%
$449,444
Alternative Uses
Best Use
Office B
$577.9K
$505.6K – $674.2K
NOI $40,450 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$821.8K
$719.1K – $958.8K
NOI $57,529 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 70501, LA
28,721
Population
12,657
Households
2.3
Avg Household Size
38
Median Age
16%
College-Educated
78%
High-School Grad
15.3 sq mi
ZIP Area
1,877
Density / Sq Mi
$31,723
Median Household Income
$25,281
Median Earnings
$867
Median Rent
$117,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - A renovated, multi-level layout combines eight offices with shared restroom facilities in Lafayette’s downtown district.
Where is this office building located?
The property is located at 120 Caillouett Place Lafayette, LA.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,476‑square‑foot office building on 0.23 acres; Built in 1896 and renovated; Eight offices across two floors: five downstairs and three upstairs
